Collaborative Research on Endogenous Schooling and the Transition to Work

9308379 Wolpin本研究项目的目标是：（1）在连续决策框架内制定和估计学业成绩和求职的行为模型，（2）估计教育的货币回报，（3）使用决策模型的估计来模拟政策干预的影响，例如最低工资和对离校年龄、学业成绩和从学校到工作的过渡的法律的限制。 这项研究将采用最近的方法估计动态随机离散选择模型。 这些模型将使用一个独特的数据集进行估计，即1979年全国劳动力市场经验纵向调查青年队列，该队列不仅包含有关该队列入学和就业的纵向信息，还收集了高中成绩单。 这个项目很重要，因为它将促进我们对教育决策和从学校到工作的过渡过程的理解，并将加强我们对公共政策对教育需求的影响以及教育对未来工资的影响的理解。 ***

9308379 Wolpin The goals of this research project are: (1) to formulate and estimate a behavioral model of school attainment and job search within a sequential decision-making framework, (2) to estimate the monetary return to education, and (3) to use the estimates of the decision model to simulate the impact of policy interventions, such as minimum wages and legal restrictions on school-leaving age, on school attainment and the school-to-job transition. The research will employ recent methods of estimating dynamic stochastic discrete choice models. The models will be estimated with a unique data set, the National Longitudinal Surveys of Labor Market Experience 1979 youth cohort, which not only contains longitudinal information on school enrollment and employment for the cohort, but also has collected high school transcripts. This project is important because it will advance our understanding of the schooling decision and the transition process from school to work, and it will enhance our understanding for the impact of public policy on the demand for schooling and on the impact of schooling on future wages. ***